Sotheby’s to Auction Picasso and Warhol Works to Settle George Weiss’s Debts

Sotheby’s is preparing to auction 16 paintings from the private art collection of hedge fund billionaire George Allen Weiss as part of a plan to liquidate assets and repay his accumulated debts.

The sale will include works by Pablo Picasso and Andy Warhol, bringing pieces by two major figures in modern art into the bankruptcy liquidation.

The paintings form part of Weiss’s personal holdings being put up for sale to help meet his financial obligations. The planned auction links the dispersal of his collection to the effort to settle outstanding debts.

Details provided about the sale did not include the titles of the paintings, their estimated values or an auction date. It is also unclear how much of Weiss’s debt the proceeds are expected to cover.